Assessees having turnover above Rs.10 Crores(in any Financial Year from 2017-18) are required to generate an E-Invoice w.e.f. 1/10/22. Turnover shall include all B2B supplies, B2C supplies, exempted supplies, export supplies, Branch transfer, sale of Capital Goods etc., Our accounting software can be integrated with E-Invoice portal to generate E-Invoices for every transaction.
Watch out for our explanation in the following YouTube link -https://youtu.be/m55ULy7jE5s
The consequences of non generation of E-Invoices will be very huge for each transaction. The status of enablement of E-Invoice for our GSTIN can be checked at https://einvoice1.gst.gov.in/Others/EinvEnabled.
E-Invoice WILL NOT be applicable for B2C and exempt supplies